Business

If you are an investor of LIC IPO, then you will be able to check your allotment, on May 12, you will know whether shares are received or not.

Photo:FILE

LIC IPO

LIC IPO: The shares of the company will be allotted on May 12 to the investors who bid in the initial public offering (IPO) of Life Insurance Corporation of India (LIC). LIC shares will be listed on the stock exchanges on May 17. Tuhin Kant Pandey, Secretary, Department of Investment and Public Asset Management (DIPAM) said that LIC’s IPO has received strong support from investors across all segments. Domestic investors have successfully carried out LIC’s IPO, he said. This is an example of self-reliant India. He said that there is no longer any dependence on foreign investors. Pandey said, the bidders in the IPO will be allotted shares on May 12. With this, the shares of LIC will be listed on the stock exchanges on May 17.

In this way you will be able to check allotment

Check this way through BSE website

2. Select LIC IPO in the menu

3. Enter your application number allotted for LIC IPO

4. After this enter your Permanent Account Number (PAN Card Number)

5. Click on ‘I am not a robot’ and confirm the captcha

6. Now finally click on the ‘Submit’ button. You will be able to see the LIC IPO Allotment Status displayed on the screen.

How to check through NSE

1. Click on the official website of NSE www.nseindia.com

2. Then click on “Equity” option and select LIC IPO in the drop-down menu

3. You enter your application and PAN card number

4. After that “I am not a robot” and confirm the captcha

5. After completing the verification you will be able to view your LIC IPO share allotment

Cold reaction from foreign investors

The initial public offering (IPO) of LIC closed on Monday with nearly three times subscription. Domestic investors took part in a big way, while the response from foreign investors was ‘cold’. This is the biggest IPO in the history of the country. The government got Rs 20,500 crore from the sale of its 3.5 per cent stake in the country’s largest life insurance company. However, the low participation of foreign investors was downplayed by the government, saying it was an example of a ‘self-reliant India’ and the issue has received strong support from various sections of investors. 16,20,78,067 shares were offered under LIC’s IPO but in comparison to this the bids have been raised 2.95 times. According to the data available on the stock exchanges till 7 pm, 47,83,25,760 bids were made by investors for these shares.

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Bikram Singh Sidhu

Advocate Bikram Singh Sidhu is a Senior Journalist at Youthistaan.com who covers latest trending, politics, business, technology news and updates.
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